App

Offshore duty-free sales in Hainan top $15b over 10 years
Updated: April 19, 2021 19:07 Xinhua

HAIKOU — China's southern island province of Hainan has raked in approximately 98 billion yuan (about $15 billion) in offshore duty-free sales over the past decade, according to local authorities.

Duty-free shops in Hainan received more than 25 million customers and sold over 120 million duty-free goods since the province was greenlighted to run a pilot offshore duty-free program by the State Council on April 20, 2011, according to data from the Hainan provincial department of commerce.

The department said that Hainan's offshore duty-free policy has continued to improve over the years, with eased restrictions and more convenience for customers.

On July 1, 2020, the province increased the annual per capita tax-free shopping limit from 30,000 yuan to 100,000 yuan.

The categories of duty-free goods have also been expanded from 38 to 45, with electronic products such as mobile phones and laptops added to the duty-free list.

Copyright© www.gov.cn | About us | Contact us

Website Identification Code bm01000001 Registration Number: 05070218

All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to www.gov.cn.

Without written authorization from www.gov.cn, such content shall not be republished or used in any form.

Mobile

Desktop

Copyright© www.gov.cn | Contact us

Website Identification Code bm01000001

Registration Number: 05070218